Can I Remove My Fund’s Manager? How Key Person and No-Fault Clauses Work You invested in a fund because you believed in a particular team. The fund manager had a strong track record, a clear strategy, and relationships that appeared difficult to replicate. A few years later, things changed. A founding partner leaves. Key personnel […]
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Can I Pay Myself a Salary Before My Startup Makes Money? You are working full-time on your startup. The hours are long, the pressure is constant, and your personal savings are shrinking. At some point, every founder asks the same question: Can I actually pay myself? Many founders feel guilty about taking a salary before
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Can I Be Held Personally Liable for My Startup’s Debts? One of the main reasons founders form an LLC or corporation is to separate business risk from personal risk. The expectation is simple. If the company fails, creditors can pursue company assets but not the founder’s house, savings account, or personal investments. In most cases,
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Which Decisions Need Board, Stockholder, or Investor Approval at My Startup? In the early days of a startup, decision-making is simple. The founders discuss an issue, make a choice, and move forward. That changes after outside investors come in. A financing round introduces new governance requirements, new approval rights, and new stakeholders who may have
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